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Gas Malaysia BhdXKLS:5209 +2.54%75 Return-on-Tangible-Asset is 9.99% as of Mar. 2026, which is 17% above its 10-year median of 8.55. GuruFocus rates XKLS:5209 with a GF Score™ of 75/100 and a GF Value™ of RM3.68 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 510 Utilities - Regulated companies, Gas Malaysia Bhd ranks better than 90.59% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Gas Malaysia Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM371 Mil. Gas Malaysia Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM3,717 Mil. Therefore, Gas Malaysia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.99%.
The historical rank and industry rank for Gas Malaysia Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:5209'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.14 Med: 8.55 Max: 12.95
Current: 10.37
During the past 13 years, Gas Malaysia Bhd's highest Return-on-Tangible-Asset was 12.95%. The lowest was 7.14%. And the median was 8.55%.
XKLS:5209's Return-on-Tangible-Asset is ranked better than 90.59% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.305
vs XKLS:5209: 10.37
Gas Malaysia Bhd (XKLS:5209) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Gas Malaysia Bhd Return-on-Tangible-Asset Related Terms
Gas Malaysia Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Gas Malaysia Bhd's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:5209 vs ATO, NI, UGI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Gas Malaysia Bhd's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gas Malaysia Bhd Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gas Malaysia Bhd's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.99% mean?
Gas Malaysia Bhd (XKLS:5209) has a Return-on-Tangible-Asset of 9.99% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Gas Malaysia Bhd and its competitors. This is 17% above median its historical median of 8.55. Over the past decade, Gas Malaysia Bhd's Return-on-Tangible-Asset has ranged from 7.14 to 12.95. According to the industry distribution chart, Gas Malaysia Bhd ranks #48 out of 510 companies in the Utilities - Regulated industry, placing it in the top 9.4%.
Is Gas Malaysia Bhd's Return-on-Tangible-Asset too high?
Gas Malaysia Bhd's current Return-on-Tangible-Asset of 9.99% is 17% above median its 10-year median of 8.55. Over the past 10 years, this metric has ranged from a low of 7.14 to a high of 12.95. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. Gas Malaysia Bhd's value of 9.99% is 202.3% above this industry median. Based on the distribution chart, Gas Malaysia Bhd ranks #48 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Gas Malaysia Bhd has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Malaysia Bhd's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Gas Malaysia Bhd ranks #48 out of 510 companies for Return-on-Tangible-Asset. This places Gas Malaysia Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Gas Malaysia Bhd's value of 9.99% is 202.3% above this benchmark. Historically, Gas Malaysia Bhd's own Return-on-Tangible-Asset has ranged from 7.14 to 12.95 over the past decade. While the company's 10-year median is 8.55 vs. the industry median of 3.31, Gas Malaysia Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gas Malaysia Bhd's current Return-on-Tangible-Asset of 9.99% is 202.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Gas Malaysia Bhd and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gas Malaysia Bhd's current Return-on-Tangible-Asset is 9.99%, which is 17% above median its own 10-year median of 8.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gas Malaysia Bhd (XKLS:5209) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.68, compared to a current price of RM5.25 — trading 42.7% above its estimated fair value. The current Return-on-Tangible-Asset is 9.99%, which is 17% above median its 10-year median of 8.55 and 202.3% above the Utilities - Regulated industry median of 3.31. Gas Malaysia Bhd's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Gas Malaysia Bhd (XKLS:5209), the current Return-on-Tangible-Asset is 9.99% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Gas Malaysia Bhd (XKLS:5209) Overvalued in 2026?
Based on GuruFocus' analysis, Gas Malaysia Bhd stock appears to be overvalued.
The current stock price of RM5.25 is trading 42.7% above its estimated GF Value™ of RM3.68.
GuruFocus considers Gas Malaysia Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5209:
Return-on-Tangible-Asset: 9.99% (17% above median its 10-year median of 8.55)
GF Value™: RM3.68 vs. price of RM5.25 (42.7% above fair value)
Industry Position: 202.3% above the Utilities - Regulated median (#48 of 510)
No single metric tells the full story. See the XKLS:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gas Malaysia Bhd is engaged in the sale, marketing, and distribution of natural gas to residential, commercial, and industrial customers, as well as the development, operation, and maintenance of the Natural Gas Distribution System (NGDS) in Peninsular Malaysia. The company segments its operations into Natural Gas & LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Its revenue is mainly derived from the sales of natural gas to industrial, commercial, and residential customers. The group sells gas to customers in various forms, namely natural gas, LPG, and CNG.
75GF Score
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